Property for Sale in Minneapolis
3606 E 34th Street
Minneapolis, MN 55406

Price
$750,000

MLS #
7068138

Status
Active


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Property Details

Year Built
1963

Square Feet
5,500

Parking Features
Paved Lot

Zoning
Residential-Multi-Family

2026 Property Taxes
$10,988

School District
Minneapolis

County
Hennepin


Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.


Hiawatha Ave to East 32nd Street / Go East to 36th Avenue South / South to 34th Street East / Across from Longfellow Park


Hiawatha Ave to East 32nd Street / Go East to 36th Avenue South / South to 34th Street East / Across from Longfellow Park

Features


Utilities
Electric Separate,Heating Common,Hot Water Common

Cooling
Wall Unit(s)

Heating
Boiler,Hot Water,Zoned

Sewer
City Sewer/Connected

Water
Public

Foundation
Block

Additional Info


Includes
Dishwasher,Range,Refrigerator,Stainless Steel Appliances

Listed By
Nathan Opatz of Apartment Cash Flow, Inc.

Listed
05/05/26 and last updated 05/27/26

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